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Provider: Wright Reports
Provider: Sadif Analytics Prime

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Xinhua News Media Holdings Ltd Comments On FY 2013 Profit Guidance

Monday, 24 Jun 2013 10:01am EDT 

Xinhua News Media Holdings Ltd announced that based on the unaudited consolidated management accounts of the Group, it expects to record a loss from continuing operations for fiscal 2013 which is significantly higher as compared to that recorded by the Group for fiscal 2012. The increase in loss is mainly attributable to the impairment of the intangible asset in relation to the granting of the free right owned under the television screen broadcast business (non-cash expenses). 

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26 May 2015